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Petrol price increased by Rs 1.19, diesel reduced by Rs 1.91

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Animated editorial illustration for: Petrol price increased by Rs 1.19, diesel reduced by Rs 1.91
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Shahzaib Afzal and Hafsa Rehman
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At a glance

  • The price of petrol has been increased by Rs 1.19 per litre.
  • The price of high-speed diesel has been reduced by Rs 1.91 per litre.
  • The new price for petrol is Rs 394.83 and for diesel is Rs 395.85, effective Oct 7.

Story so far

The Pakistani government has been adjusting fuel prices on a daily basis since mid-July, a measure introduced by the Oil and Gas Regulatory Authority (OGRA) to cope with international market volatility. Prices have seen significant fluctuations since late February, with both petrol and diesel reaching record highs in early April. The government has also implemented austerity measures, including reduced fuel quotas for official vehicles, in response to the price pressures.

Latest development

The government has increased the price of petrol by Rs 1.19 per litre and decreased the price of high-speed diesel by Rs 1.91 per litre. According to a notification, the new prices are effective from October 7, with petrol now at Rs 394.83 and diesel at Rs 395.85 per litre.

Responses

  2. Muzammil Arain 8 days ago

    The daily price adjustments are meant to reflect international market changes more quickly. I wonder if this provides more long-term predictability, or if the day-to-day fluctuations create new challenges for budget planning.

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